Skyline Champion (NYSE:SKY) Releases Earnings Results, Beats Estimates By $0.24 EPS

Skyline Champion (NYSE:SKY) issued its quarterly earnings data on Tuesday. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.24, Zacks reports. Skyline Champion had a return on equity of 13.20% and a net margin of 6.42%.

Skyline Champion Stock Up 13.5 %

Shares of NYSE:SKY opened at $105.27 on Thursday. Skyline Champion has a 1-year low of $64.82 and a 1-year high of $116.49. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.42 and a quick ratio of 1.64. The stock has a market cap of $6.04 billion, a P/E ratio of 40.64 and a beta of 1.62. The firm has a fifty day moving average price of $94.72 and a 200 day moving average price of $92.24.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SKY shares. Craig Hallum boosted their price target on shares of Skyline Champion from $92.00 to $99.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Barclays upped their price target on Skyline Champion from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Jefferies Financial Group boosted their price objective on Skyline Champion from $79.00 to $86.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, Royal Bank of Canada raised their price objective on shares of Skyline Champion from $82.00 to $88.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Skyline Champion has a consensus rating of “Hold” and an average price target of $85.40.

Skyline Champion Company Profile

Skyline Champion Corporation produces and sells factory-built housing in North America. The company offers manufactured and modular homes, park models RVs, accessory dwelling units, and modular buildings for the multi-family and hospitality sectors. It builds homes under the Skyline Homes, Champion Home Builders, Genesis Homes, Athens Park Models, Dutch Housing, Atlantic Homes, Excel Homes, Homes of Merit, New Era, Redman Homes, ScotBilt Homes, Shore Park, Silvercrest, and Titan Homes brands in the United States; and Moduline and SRI Homes brand names in western Canada.